With all the propagandists on higher alert and posting fervently- I suppose it’s a bit of a relief to see that even though the polls can’t be believed, that don’t ALL show the same bullshit attempts to cash in on clicks regardless of the damage.
this post was submitted on 17 Jul 2024
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They don't though, they only care that the money bet equals the money paid out minus the house cut (juice). When the line changes, it's not because the casinos believe one side has a better chance. It's because the money being bet on one side is uneven. Unlike their customers, casinos don't like gambling their money.
?
That’s not how it works
You’re betting with the casino here, not directly with other users. When you bet with the casino about who will win the election, the casino’s “house cut” is baked into the non reciprocal nature of the odds on the two sides (plus whatever fees). If they have the odds wrong enough, then their expected value can go negative. As you said, they don’t gamble, so they do their damnedest to make sure that doesn’t happen.